Arnold Lehman
(Arnold S. Lehman, Arnold Samuel Lehman)
LeFrak
(LeFrak Organization)
40 West 57th St, New York, NY 10019
LeFrak portfolio
$1.6 billion* – elevator 71%, office 25%; Manhattan 60%, Queens 34%
37th largest portfolio by dollar value
10,797,484 sqft – elevator 88%, office 9%;
23th largest by SF
62 properties – Queens 67%, Brooklyn 17%
152th largest
9,605 residential units – Queens 64%, Manhattan 26%
10th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Seller signatory: 4 for $71.5 million
Borrower signatory: 6 for $118.5 million
Top Ten Associated Companies:
A&E Real Estate Holdings (13), TD Bank (11), Iris Holdings Group (4), Wells Fargo (3), Metropolitan Commercial Bank (1), PGIM Real Estate (1), Equitable Financial Life Insurance Company (1), U.S. Bank (1), M&T Realty Capital Corporation (1)
Top Ten Associated People:
Alex T. Bruce (13), Paul A. Kesicki (4), Marc Blumenfrucht (4), Dennis Graham (1), Jong Sun Kim You (1), Justin Levitt (1), J. David Morris (1)
Recent activity as company:
• LeFrak borrowed $23 million from Equitable Financial Life Insurance Company for 417 East 57th Street, Sutton Place, Manhattan on August 23, 2024.
• LeFrak borrowed $75.5 million from PGIM Real Estate for 180 Broadway, Financial District, Manhattan on July 22, 2024.
• LeFrak sold 44-15 Colden Street, Flushing, Queens for $19.5 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 45-15 Colden Street, Flushing, Queens for $20.9 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 44-35 Colden Street, Flushing, Queens for $10 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 137-20 45th Avenue, Flushing, Queens for $21.1 million to Iris Holdings Group on July 03, 2024.
• LeFrak borrowed $5 million from TD Bank for 98-25 Horace Harding Expwy, Corona, Queens on September 26, 2023.
• LeFrak borrowed $5 million from TD Bank for 98-23 Horace Harding Expre, Corona, Queens on September 26, 2023.
• LeFrak borrowed $5 million from TD Bank for 98-17 Hor Harding Ep Sr N, Corona, Queens on September 26, 2023.
• LeFrak borrowed $5 million from TD Bank for 98-15 Horace Harding Expwy, Corona, Queens on September 26, 2023.
Latest Stories:
• LeFrak signs $23M refi with Equitable for apartment building in Sutton Place (August 26, 2024)
• LeFrak signs $75.5M refi loan with PGIM for retail in FiDi (July 23, 2024)
• LeFrak signs $20M refi with TD Bank for four buildings in LeFrak City (September 27, 2023)
• A&E closes on $81.6M of expected $250M Brooklyn portfolio purchase from LeFrak (November 17, 2022)
• LeFrak signs $22.5M refi loan with M&T Bank for rental in Sutton Place (October 18, 2021)
• LeFrak signs $22M refi loan with TD Bank for rental in Kew Gardens (August 31, 2021)